Unlock the potential of this blank canvas and CREATE YOUR DREAM HOME! This unrenovated, partially gutted apartment is ready for transformation. Whether you're an investor or a buyer ready to craft a custom space tailored to your taste, the possibilities here are endless. Bring your architect and imagination and make it yours today!
It's rare to get an opportunity that allows you to design every detail to suit your vision. The apartment is being sold "as-is, " giving you a head start on renovations to create a stunning space that reflects your style. The apartment is sprawling, very spacious at approximately 1, 500 sqft, and configured as a convertible 3-bedroom/1-bath apartment with a massive entry foyer that can be used as a dining room. The unit is directly overlooking stunning Fort Tryon Park.
Priced to sell, this gutted apartment offers immense potential for those with vision. With the right renovations, and depending on market conditions, you can possibly turn your investment into a million dollar home. Configure the space as a large 2-bedroom with a formal dining room and study or create a spacious 3-bedroom home-the possibilities are endless.
1825 Riverside Drive features, grand hallways and staircases, a beautiful common courtyard, laundry facilities, and a live-in superintendent. Conveniently located very close to the express A train (20 minutes to Midtown) and a few blocks to the 1 train, this location offers easy access to the best of NYC while retaining the charm and tranquility of Inwood.
Potential layout highlights include:
Generous living and dining areas
Spacious bedrooms
An eat-in kitchen
A huge foyer (19'15)
Ample storage
Situated on the edge of Fort Tryon Park, enjoy breathtaking views, proximity to playgrounds, dog walks, shops, restaurants, supermarkets, schools, and the world-famous Cloisters Museum. The neighborhood is thriving, making this an excellent investment opportunity or the chance to design your perfect family home.
Here's your chance to combine space, location, and value into something extraordinary. Opportunities like this, where potential meets profitability, don't come around often. Don't let this one slip away!
Bike room, Common Outdoor Space, Pre-War, Laundry Room
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $452,000 | $452,000 | $452,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,122 | $3,045 | $3,845 |
Total Monthly Payment | $3,214 | $3,137 | $3,937 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.